Bond Coupon Payment Calculator
Find a bond's periodic coupon payment and current yield.
Enter your values
ⓘ Live results
Results
- Coupon payment per period
- $25.00
- Total annual coupon income
- $50.00
- Current yield
- 5.26%
- Premium/discount to face
- $50.00 discount
Quick answer
The coupon payment is fixed by the bond's face value and stated coupon rate, while current yield reflects that payment relative to the bond's current market price.
Coupon payment = face value x coupon rate / payments per year
How to use the Bond Coupon Payment Calculator
- 1Enter the bond's face value and stated annual coupon rate.
- 2Choose how often coupons are paid.
- 3Enter the current market price to see the current yield, which differs from the coupon rate if price is not at par.
Worked example
Using the values the calculator loads with:
Inputs
- Face value1000 $
- Annual coupon rate5 %
- Payments per yearSemiannual
- Current market price950 $
Results
- Coupon payment per period$25.00
- Total annual coupon income$50.00
- Current yield5.26%
- Premium/discount to face$50.00 discount
Frequently asked questions
Why does current yield differ from the coupon rate?
Current yield adjusts for the bond's market price, so a discount bond has a higher current yield than its coupon rate, and a premium bond has a lower one.
Is current yield the same as yield to maturity?
No — current yield ignores the gain or loss from the bond converging to face value at maturity; YTM captures that too.
About this calculator
- Built and reviewed by James Whitfield · How we build and test calculators
- Report an error
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.